Industry stakeholders predict the bombshell allegations around how United Wholesale Mortgage does business will impact customer sentiment and could lead to more regulatory oversight. https://www.nationalmortgagenews.com/news/uwm-allegations-give-industry-another-black-eye-some-say
NextGenMortgage
What makes mortgage professionals embrace, or balk at, AI use
While many working in home lending are looking to artificial intelligence for future efficiency and automation, job loss is also a concern among a majority of respondents in a new Arizent survey. https://www.nationalmortgagenews.com/list/mortgage-industry-expresses-concerns-and-hopes-over-ai-use
New Ginnie Mae MSR-related note transactions emerging
KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights. https://www.nationalmortgagenews.com/news/new-ginnie-mae-msr-related-note-transactions-emerging
Home-price growth accelerates as buyer demand picks up
Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller. https://www.nationalmortgagenews.com/articles/home-price-growth-accelerates-as-buyer-demand-picks-up
What mortgage borrowers complained about most last year
The Consumer Financial Protection Bureau received nearly 28,000 mortgage-related consumer grievances in 2023, the regulator said. https://www.nationalmortgagenews.com/news/what-mortgage-borrowers-complained-to-cfpb-about-last-year